DSW 2008 Annual Report Download - page 28

ITEM 6.
S
ELECTED FINANCIAL DATA.
T
he followin
g
table sets forth, for the periods indicated, various selected financial information. Such selecte
d
c
onso
lid
ate
dfi
nanc
i
a
ld
ata s
h
ou
ld b
e rea
di
n con
j
unct
i
on w
i
t
h
our Conso
lid
ate
d
F
i
nanc
i
a
l
Statements,
i
nc
l
u
di
ng t
h
e
n
otes t
h
ereto, set
f
ort
hi
n Item 8 o
f
t
hi
s Annua
l
Report on Form 10-K an
d
“Mana
g
ement’s D
i
scuss
i
on an
d
Ana
ly
s
is
of Financial Condition and Results of O
p
erations” set forth in Item 7 of this Annual Re
p
ort on Form 10-K.
1
/31/09 2/02/08 2/03/07 1/28/06 1/29/05
Fo
rth
e
Fi
sca
lY
ea
rEn
ded
(
Dollars in thousands, except per share and net sales per average gross
sq
uare foot
)
Statement of Income Data:
(
1
)
Net sa
l
es
(
2
)
........................
$
1
,
462
,
944
$
1
,
405
,
615
$
1
,
279
,
060
$
1
,
144
,
061
$
961
,
089
G
ross pro
fi
t ........................
$
3
79
,
099
$
370
,
135
$
366
,
351
$
315
,
719
$
270
,
21
1
O
perat
i
ng pro
fi
t(3) ...................
$
42
,
813
$
81
,
321
$
100
,
714
$
70
,
112
$
56
,
109
Net income
(
3
)
.......................
$
26
,
902
$
53
,
775
$
65
,
464
$
37
,
181
$
34
,
95
5
D
iluted earnin
g
s per shar
e
..............
$
0
.61 $ 1.21 $ 1.48 $ 1.00 $ 1.2
6
B
alance
S
heet Data
:
Total assets
......................... $
7
21,197 $ 693,882 $ 608,303 $ 507,715 $ 395,43
7
Wor
ki
n
g
cap
i
ta
l
(4) ...................
$
295
,
721
$
282
,
717
$
298
,
704
$
238
,
528
$
138
,
919
C
urrent ratio
(
5
)
......................
2.
8
72.
6
72.
88
2.71 2.2
8
Long term obligations(
6
)...............
$
$$$$
55
,
000
O
ther Data:
Number of DSW stores:
(
7
)
Be
g
innin
g
of perio
d
................. 2
5
9 223 199 172 14
2
N
ew store
s
.....................
41 3
7
29 29 31
Cl
ose
d
/re-cate
g
or
i
ze
d
stores(7
)
.
...... (2) (1) (5) (2) (1)
E
n
d
o
f
per
i
o
d
..................... 2
9
825
9
223 1
99
17
2
C
ompara
bl
e DSW stores (un
i
ts)(8)
.
..... 217 1
9
21
6
313
9
124
DSW total square footage(9
)
.........
.
6,
749
,
690 6
,
142
,
68
5 5,5
34
,
243
5,
061
,
642 4
,
372
,
67
1
Average gross square footage(10
)
.....
6,
4
5
4
,
396
5,
814
,
398
5,
271
,
748 4
,
721
,
129 4
,
010
,
24
5
N
et sales per avera
g
e
g
ross square
foot(11) ...................... $ 196 $ 212 $ 218 $ 217 $ 217
Num
b
er o
fl
ease
dd
e
p
artments at en
d
o
f
p
erio
d
........................... 377 378 360 238 22
4
T
ota
l
compara
bl
e store sa
l
es c
h
an
g
e(8)
....
(
5.9
)
%
(
0.8
)
% 2.5% 5.4% 5.0
%
(1) Fiscal 2006 was based on a 53 week year. All other fiscal years are based on a 52 week year
.
(2) Includes net sales of leased de
p
artments.
(3) Results for the fiscal year ended January 28, 2006 include a
$
6.5 million pre-tax charge in operating profit, a
$
3.9 million after-tax charge to net income, related to the reserve for estimated losses associated with the theft
of
cre
di
t car
d
an
d
ot
h
er
p
urc
h
ase
i
n
f
ormat
i
on
.
(4) Working capital represents current assets less current liabilities.
(5) Current ratio represents current assets divided b
y
current liabilities.
(6) Comprised of borrowin
g
s under the Value Cit
y
revolvin
g
credit facilit
y
durin
g
fiscal 2004, which we are n
o
l
onger obligated under.
(7) Number of DSW stores for each fiscal period presented prior to fiscal 2005 includes two combination DSW
/
Filene’s Basement stores which were re-cate
g
orized as leased departments at the be
g
innin
g
of fiscal 200
5.
24